Procter & Gamble management check
PG · Consumer Staples · Personal Care Products · CEO Shailesh Jejurikar
Filings as of
2 good · 3 to watch · 1 flagged, across the seven questions below.
- Watch
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2022 grew to $123, against $146 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.25 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- n/a
What does the CEO cost owners?
Not enough dataNo pay or net income figure for the latest year.
- Watch
Do they own the stock?
Insiders are selling12 insiders sold $7.5m in the last six months and none bought.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -0.6% a year over the last three fiscal years. Stock-based pay was 0.6% of revenue in the latest year.
- Flag
Is leadership stable?
4 CEOs in the pay tableCEOs in the pay table: David Taylor, Mr. Taylor, Mr. Moeller, Mr. Jejurikar. 8 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2022.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Consumer Staples.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 31 | 31 | |
| Pay for performance | 63 | 84 | |
| CEO cost | — | — | 40 |
| Skin in the game | — | — | 65 |
| Dilution | 57 | 60 | |
| Stable leadership | 5 | 70 | |
| Clean books | 100 | 100 |
Closest peers
Others in Personal Care Products, by management score. Procter & Gamble is 26th of 33 in its sector.
- 393KVUEKenvue54
- 415PGProcter & Gamble51
- 421HRLHormel Foods50
- 451ADMArcher Daniels Midland46
- 454KHCKraft Heinz45
- 468ELEstée Lauder Companies (The)41
Pay versus performance
From the proxy statement filed August 28, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2026 | Mr. Jejurikar, Mr. Moeller | $19.1m | $10.8m | $7.0m | $123 | $146 | — |
| 2025 | Mr. Moeller | $21.9m | $15.4m | $7.8m | $151 | $170 | — |
| 2024 | — | $23.0m | $38.0m | $8.2m | $152 | $152 | — |
| 2023 | — | $21.7m | $26.7m | $7.2m | $137 | $140 | — |
| 2022 | David Taylor, Mr. Taylor, Mr. Moeller | $18.6m | $34.3m | $6.8m | $126 | $131 | — |
The board says pay is tied most to Organic Sales Growth. Its other key measures: Core EPS Growth, Relative Organic Sales Growth, Constant Currency Before Tax Operating Profit, Free Cash Flow Productivity, Relative TSR.
Insiders and the CEO's stake
Shailesh Jejurikar (Chairman, President and CEO) held 55,390.997 shares directly after their latest Form 4 on Oct 1, 2026.
12 insiders sold $7.5m in the last six months and none bought.
- SoldSusan Street WhaleyChief Legal Officer & Secy$1.9mOct 5, 2026
- SoldAndre SchultenChief Financial Officer$1.3mOct 5, 2026
- SoldShailesh JejurikarChairman, President and CEO$888kAug 20, 2026
- SoldPaul GamaCEO- Health Care$812kOct 5, 2026
Leadership and governance on file
- Jul 29, 2026Leadership change8-K 5.02
- Dec 15, 2025Leadership change8-K 5.02
- Oct 16, 2025Leadership change8-K 5.02
- Aug 14, 2025Leadership change8-K 5.02
- Jul 28, 2025Leadership change8-K 5.02
- Jun 9, 2025Leadership change8-K 5.02
- Apr 9, 2024Leadership change8-K 5.02
- Dec 13, 2023Leadership change8-K 5.02
- Apr 11, 2023Leadership change8-K 5.02
Latest shareholder vote results: Oct 16, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $85.1bn returned to owners in buybacks and dividends, 114% of net income, and $2.7bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $76.1bn | $80.2bn | $82.0bn | $84.0bn | $84.3bn |
| Net income | $14.3bn | $14.7bn | $14.7bn | $14.9bn | $16.0bn |
| Stock-based pay | $540.0m | $528.0m | $545.0m | $562.0m | $476.0m |
| Buybacks | $11.0bn | $10.0bn | $7.4bn | $5.0bn | $6.5bn |
| Dividends | $8.3bn | $8.8bn | $9.0bn | $9.3bn | $9.9bn |
| Diluted shares | 2601m | 2539m | 2484m | 2472m | 2454m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.